Aditya Birla Sun Life Mutual Fund Has Launched Aditya Birla Sun Life Nifty 200 Quality 30 ETF

Aug 02, 2022

Aditya Birla Sun Life Mutual Fund has Introduced a new scheme – Aditya Birla Sun Life Nifty 200 Quality 30 ETF

It is an open-ended exchange traded fund tracking Nifty 200 Quality 30 TRI

Accordingly, the investment objective of the scheme is to generate returns that are in line with the performance of Nifty 200 Quality 30 Index, subject to tracking errors. The scheme does not guarantee/indicate any returns. There can be no assurance that the objective of the scheme will be achieved.

Under normal circumstances, Aditya Birla Sun Life Nifty 200 Quality 30 ETF will hold an allocation of 95% to 100% of its assets in Equity & Equity related instruments constituting Nifty 200 Quality 30 TRI and 0% to 5% of its assets in Cash, Money Market & Debt instruments.

As per the Scheme Information Document, the investment strategy would revolve around reducing the tracking error to the least possible through regular rebalancing of the portfolio, taking into account the change in weights of stocks in the index as well as the incremental collections / redemptions in the scheme.

Rebalancing of the scheme shall also be carried out whenever there is a change in the underlying index or any change due to Corporate action with respect to the constituents of the underlying index within 7 calendar days. The Scheme may also invest in cash and debt/ money market instruments, in compliance with Regulations to meet liquidity and expense requirements.

Aditya Birla Sun Life Nifty 200 Quality 30 ETF’s performance will be benchmarked against Nifty 200 Quality 30 TRI.

The scheme will be managed by Mr. Lovelish Solanki and Mr. Pranav Gupta.

The NFO opens for subscription on July 29, 2022 and closes on August 10, 2022. Both the schemes will reopen for continuous sale and repurchase Within five Business Days from the date of allotment.

The fund’s NAV is priced at Rs 10/- per unit during the NFO period. The minimum subscription amount is Rs 100 for Index fund and in multiples of Re.1 thereafter.

Currently, there are no plans/ options under the ETF Scheme